Chongqing Jianshe Vehicle System Co., Ltd The Third Quarterly
Report 2023
Stock code: 200054 Stock Abbreviation: Jianshe Vehicle B Announcement No.: 2023-062
Chongqing Jianshe Vehicle System Co., Ltd.
The Third Quarterly Report 2023
The Company and its directors hereby guarantee that the content of information disclosure is real,
accurate, complete and free from any false record, misleading representation or material omissions.
Important notes
1.The Board of Directors and the Supervisory Committee of the Company and its directors, supervisors and
senior executives should guarantee the reality, accuracy and completion of the quarterly report, there are no any
fictitious statements, misleading statements or important omissions carried in this report, and shall take legal
responsibilities, individual and or joint.
2. Person in charge of the Company, Person in charge of accounting and person in charge of accounting organ
(accounting officer) hereby confirm that the financial information of this Quarterly Report is authentic, accurate
and complete.
3. The Third quarterly report audited or not
□Yes √No
1
Chongqing Jianshe Vehicle System Co., Ltd The Third Quarterly
Report 2023
I. Main financial data
(I) Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data
□ Yes √ No
Increase/decrease in Increase/decrease
the period compared Year-begin to period- from year-begin to
This period
end
with the same period-end
period of the compared with the
Operating income（Yuan） 116,986,662.54 previous year 333,574,346.30 same period -5.38%
previous year
Net profit attributable to the
shareholders of the listed -11,394,368.52 44.91% -54,705,046.67 -651.55%
company（Yuan）
Net profit after deducting of
non-recurring gain/loss
attributable to the shareholders -11,894,368.52 44.90% -56,449,183.34 -13.43%
of listed company（Yuan）
Cash flow generated by
business operation, net — — 44,941,581.43 -3.27%
（Yuan）
Basic earning per
share(Yuan/Share) -0.0955 44.89% -0.4583 -651.31%
Diluted gains per
share(Yuan/Share) -0.0955 44.89% -0.4583 -651.31%
Weighted average return on
equity（%） -18.03% -3.89% -64.85% -59.87%
Increase/decrease at the period-end compared
End of this period End of last period
with the end of the previous year
Gross assets（Yuan） 818,547,635.66 896,911,569.17 -8.74%
Net assets attributable to the
shareholders of the listed 57,624,003.78 111,091,284.68 -48.13%
company（Yuan）
（II)Items and amount of non-current gains and losses
√ Applicable □ Not applicable
In RMB
Amount from year-begin to
Items This period Notes
period -end
Non-current asset disposal gain/loss(including the write-off
part for which assets impairment provision is made) -10,025.19
Governmental Subsidy accounted as current gain/loss,
except for those subsidies at with amount or quantity fixed
by the national government and closely related to the 500,000.00 1,100,000.00
Company’s business operation.
Reverse of the provision for impairment of accounts
receivable undergoing impairment test individually 365,922.51
Other non-operating income and expenditure except for the
aforementioned items 288,239.35
Total 500,000.00 1,744,136.67 --
Other gain/loss items that qualified the definition of non-recurring profit (gains)/losses:
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Chongqing Jianshe Vehicle System Co., Ltd The Third Quarterly
Report 2023
□ Applicable √ Not applicable
The Company does not have other gain/loss items that qualified the definition of non-recurring profit
(gains)/losses
Explanation on those non-recurring gain/loss listed in the “Q&A Announcement No.1 on Information
Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss” defined as
recurring gain/loss
□ Applicable √ Not applicable
The Company does not have the non-recurring gain/loss listed in the “Q&A Announcement No.1 on
Information Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss”
defined as recurring gain/loss
(III) Particulars about changes in items of main accounting data and financial index and explanations of
reasons
√ Applicable □Not applicable
1. The net profit loss from July to September decreased YOY which was mainly due to sales volume increased
by 5.34% YOY in the quarter and the investment income increased by 109.64% YOY in the quarter from the
joint venture Chongqing Jianshe HANON Automobile Termal Management System Co., Ltd.
2. From January to September, the net profit attributable to shareholders of the listed company was -54.71
million yuan, increased by 47.43 million yuan loss over the same period of the previous year, which was mainly
due to the Company's 106 plant disposal income of 39.02 million yuan (a non-recurring profit and loss item) in
the same period of the previous year and the increase in R&D investment in the first three quarters.
3. The return on Equity decreased YOY from January to September, which was mainly due to the YOY decrease
in net profit.
4. The decrease in net assets at the end of the third quarter compared with the end of the previous year was
mainly due to the loss of net profit in the first three quarters.
II. Shareholders Information
(I) Total number of common shareholders and preference shareholders with voting rights recovered and
top ten common shareholders
In Shares
Total number of common Total preference shareholders with the voting power recovered
6,837 0
shareholders at the period-end at the end of the reporting period(if any)
Shares held by the top 10 shareholders
Share
Properties of Amount of
Shareholder name proportion Quantity Pledging or freezing
shareholder
% tradable shares
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Chongqing Jianshe Vehicle System Co., Ltd The Third Quarterly
Report 2023
with
Conditional Status of the Quanti
shares ty
held
China M ilitary Equipment State-owned
Group Co., Ltd. legal person 71.13% 84,906,250 84,906,250
Domestic
Gu Zuocheng 1.89% 2,261,000 2,218,750
natural person
Domestic
Anhui Hengsheng Investment
non-state- 1.47% 1,750,000 1,750,000
Development Co., Ltd. owned legal
person
Domestic
Xu Yuanhui 0.84% 999,999 0
natural person
Domestic
Liu Dan 0.74% 879,376 0
natural person
Domestic
Chen Xinqiang 0.51% 612,400 0
natural person
CORE PACIFIC-YAM AICHI
Foreign legal
INTERNATIONAL 0.51% 605,650 0
person
(H.K.) LIM ITED
Domestic
Zhang M eilan 0.43% 513,560 0
natural person
Domestic
Feng Yonghui 0.42% 500,000 500,000
natural person
Domestic
Li Jianping 0.37% 439,050 0
natural person
Shares held by the Top 10 Shareholders of Non-restricted shares
Number of the non-restricted Share type
Shareholders’ Names
shares held Share type Quantity
Xu Yuanhui 999,999.00 Foreign shares placed 999,999.00
in domestic exchange
Liu Dan 879,376.00 Foreign shares placed 879,376.00
in domestic exchange
Chen Xinqiang 612,400.00 Foreign shares placed 612,400.00
in domestic exchange
CORE PACIFIC-YAM AICHI Foreign shares placed
605,650.00 605,650.00
INTERNATIONAL (H.K.) LIM ITED
in domestic exchange
Zhang M eilan 513,560.00 Foreign shares placed 513,560.00
in domestic exchange
Li Jianping 439,050.00 Foreign shares placed 439,050.00
in domestic exchange
Chen Houping 424,000.00 Foreign shares placed 424,000.00
in domestic exchange
Lv Gang 418,099.00 Foreign shares placed 418,099.00
in domestic exchange
Zhang Long 371,577.00 Foreign shares placed 371,577.00
in domestic exchange
Liu Guosheng 345,575.00 Foreign shares placed 345,575.00
in domestic exchange
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Chongqing Jianshe Vehicle System Co., Ltd The Third Quarterly
Report 2023
There is no affiliated relationship between the top ten non-restricted tradable shareholders
and the controlling shareholder China M ilitary Equipment Group Co., Ltd. nor do they
Explanation on associated belong to the consistent actors stipulated in the Administrative M easures for the
Acquisition of Listed Companies; it is unknown to the company whether there is an
relationship or concerted action of affiliated relationship between the top ten non-restricted tradable shareholders as well as
between the top ten non-restricted tradable shareholders and the other top ten shareholders,
the above shareholders or whether they are included in the consistent actors stipulated in the Administrative
M easures for the Acquisition of Listed Companies
Note to the top 10 common
stockholders involved in margin
Not applicable
financing & securities lending (If
any)
(II) Total shareholders with preferred stock held and shares held by top ten shareholders with preferred
stock held
□ Applicable √ Not applicable
III. Other significant events
□ Applicable √ Not applicable
IV. Quarterly financial statements
（i）Financial statement
1. Consolidated balance sheet
Prepared by：Chongqing Jianshe Vehicle System Co., Ltd.
September 30,2023
In RMB
Items September 30,2023 January 1,2023
Current asset：
M onetary fund 88,441,416.04 179,954,522.99
Settlement provision
Outgoing call loan
Transactional financial assets
Derivative financial assets
Notes receivable
Account receivable 116,177,057.59 113,710,214.72
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Chongqing Jianshe Vehicle System Co., Ltd The Third Quarterly
Report 2023
Financing receivable 19,237,470.85 17,548,591.75
Prepayments 4,459,215.71 4,024,366.02
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Other account receivable 2,349,255.20 1,720,044.17
Including：Interest receivable
Dividend receivable
Repurchasing of financial assets
Inventories 139,995,506.06 131,860,572.93
Contract assets
Assets held for sales
Non-current asset due within 1 year
Other current asset 2,437,159.28 1,468,399.16
Total of current assets 373,097,080.73 450,286,711.74
Non-current assets：
Loans and payment on other’s behalf
disbursed
Creditor's Investment
Other Creditor's Investment
Long-term receivable
Long term share equity investment 218,452,914.23 210,112,321.04
Other equity instruments investment
Other non-current financial assets
Property investment
Fixed assets 194,214,142.46 202,039,143.80
Construction in progress 937,175.35 989,429.96
Production physical assets
Oil & gas assets
Use right assets
Intangible assets 11,208,658.80 11,801,504.95
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Chongqing Jianshe Vehicle System Co., Ltd The Third Quarterly
Report 2023
Development expenses
Goodwill
Long-germ expenses to be amortized 35,257.06 70,280.65
Deferred income tax asset 5,752,057.03 5,752,057.03
Other non-current asset 14,850,350.00 15,860,120.00
Total of non-current assets 445,450,554.93 446,624,857.43
Total of assets 818,547,635.66 896,911,569.17
Current liabilities
Short-term loans 479,210,000.00 546,603,500.00
Loan from Central Bank
Borrowing funds
Transactional financial liabilities
Derivative financial liabilities
Notes payable 42,370,000.00 30,379,988.94
Account payable 204,532,308.58 171,190,476.10
Advance receipts
Contract liabilities 2,346,929.87 3,441,205.38
Selling of repurchased financial assets
Deposit taking and interbank deposit
Entrusted trading of securities
Entrusted selling of securities
Employees’ wage payable 5,813,735.99 8,529,392.78
Tax payable 16,166,605.32 16,649,704.07
Other account payable 9,465,119.31 7,566,872.62
Including：Interest payable
Dividend payable
Fees and commissions payable
Reinsurance fee payable
Liabilities held for sales
Non-current liability due within 1 year
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Chongqing Jianshe Vehicle System Co., Ltd The Third Quarterly
Report 2023
Other current liability 269,836.81 447,356.63
Total of current liability 760,174,535.88 784,808,496.52
Non-current liabilities：
Reserve fund for insurance contracts
Long-term loan
Bond payable
Including：preferred stock
Sustainable debt
Lease liability
Long-term payable
Long-term remuneration payable to staff
Expected liabilities
Deferred income
Deferred income tax liability 749,096.00 1,011,787.97
Other non-current liabilities
Total non-current liabilities 749,096.00 1,011,787.97
Total of liability 760,923,631.88 785,820,284.49
Owners’ equity
Share capital 119,375,000.00 119,375,000.00
Other equity instruments
Including：preferred stock
Sustainable debt
Capital reserves 958,565,294.29 958,565,294.29
Less：Shares in stock
Other comprehensive income 9,800.00 9,800.00
Special reserve 4,472,434.80 3,234,669.03
Surplus reserves 125,686,000.00 125,686,000.00
Common risk provision
Retained profit -1,150,484,525.31 -1,095,779,478.64
Total of owner’s equity belong to the
parent company 57,624,003.78 111,091,284.68
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Chongqing Jianshe Vehicle System Co., Ltd The Third Quarterly
Report 2023
M inority shareholders’ equity
Total of owners’ equity 57,624,003.78 111,091,284.68
Total of liabilities and owners’ equity 818,547,635.66 896,911,569.17
Legal Representative: Yan Xuechuan
Person-in-charge of the accounting work：Tan Mingxian
Person-in -charge of the accounting organ：Niu Yanli
2. Consolidated Income statement between the beginning of the year and end of the report period
In RMB
Items Amount in this period Amount in last period
I. Turnover 333,574,346.30 352,545,234.24
Including：Operating income 333,574,346.30 352,545,234.24
Interest income
Insurance fee earned
Commission charge and commission income
II. Total operating costs 398,611,849.97 409,580,025.91
Including ：Operating costs 313,015,355.97 334,055,825.02
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Appropriation of deposit for duty, net
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 3,680,292.33 3,315,083.54
Sales expense 8,678,472.80 10,537,470.73
Administrative expense 32,699,265.17 27,127,408.25
R & D expense 25,800,123.69 22,204,867.13
Financial expenses 14,738,340.01 12,339,371.24
Including：Interest expense
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Chongqing Jianshe Vehicle System Co., Ltd The Third Quarterly
Report 2023
Interest income
Add：Other income 1,310,385.63 1,531,676.22
Investment gain（“-”for loss） 8,340,593.19 6,458,214.09
Including: investment gains from affiliates 8,340,593.19 6,458,214.09
Financial assets measured at amortized cost cease to be
recognized as income
Gains from currency exchange
Net exposure hedging income
Changing income of fair value
Credit impairment loss 350,176.04 715,809.13
Impairment loss of assets
Assets disposal income -10,025.19 40,420,431.93
III. Operating profit（“-”for loss） -55,046,374.00 -7,908,660.30
Add ：Non-operating income 79,114.42 149,225.09
Less: Non-operating expense 1,260.70 3,112.43
IV. Total profit(“-”for loss) -54,968,520.28 -7,762,547.64
Less：Income tax expenses -263,473.61 -483,574.52
V. Net profit -54,705,046.67 -7,278,973.12
(I) Classification by business continuity
1.Net continuing operating profit
2.Termination of operating net profit
(II) Classification by ownership
1.Net profit attributable to the owners of parent company -54,705,046.67 -7,278,973.12
2.M inority shareholders’ equity
VI. Net after-tax of other comprehensive income
Net of profit of other comprehensive income attributable to o
wners of the parent company.income items that will not be
reclassified into gains/losses in the subsequent accounting
period
measurement of defined benefit plans of changes in net debt
net comprehensive income under the equity method inve
or2.Otherassets
stee can not be reclassified into profit or loss.
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Chongqing Jianshe Vehicle System Co., Ltd The Third Quarterly
Report 2023
3. Changes in the fair value of investments in other equity
instruments
4. Changes in the fair value of the company’s credit risks
5.Other
(II)Other comprehensive income that will be reclassified into
profit or loss
1.Other comprehensive income under the equity method inve
steeChanges in the fair value of investments in other debt
obligations
3. Other comprehensive income arising from the
reclassification of financial assets
4.Allowance for credit impairments in investments in other
debt obligations
5. Reserve for cash flow hedges
6.Translation differences in currency financial statements
7.Other
Net of profit of other comprehensive income attributable to
M inority shareholders’ equity
VII. Total comprehensive income -54,705,046.67 -7,278,973.12
Total comprehensive income attributable to the owner of the
parent company -54,705,046.67 -7,278,973.12
Total comprehensive income attributable minority
shareholders
VIII. Earnings per share
（I）Basic earnings per share -0.4583 -0.0610
(II)Diluted earnings per share -0.4583 -0.0610
Legal Representative: Yan Xuechuan
Person in charge of accounting：Tan Mingxian
Accounting Dept Leader: Niu Yanli
3. Consolidated Cash Flow Statement Between the Beginning of the Year and End of the Report Period
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or rending of services 308,312,604.76 354,717,361.36
Net increase of customer deposits and capital kept for
brother company
Net increase of loans from central bank
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Chongqing Jianshe Vehicle System Co., Ltd The Third Quarterly
Report 2023
Net increase of inter-bank loans from other financial bodies
Cash received against original insurance contract
Net cash received from reinsurance business
Net increase of client deposit and investment
Cash received from interest, commission charge and
commission
Net increase of inter-bank fund received
Net increase of repurchasing business
Net cash received by agent in securities trading
Tax returned 16,519,842.10 5,529,302.73
Other cash received from business operation 8,829,897.32 11,489,136.84
Sub-total of cash inflow 333,662,344.18 371,735,800.93
Cash paid for purchasing of merchandise and services 190,792,768.13 217,662,428.24
Net increase of client trade and advance
Net increase of savings in central bank and brother company
Cash paid for original contract claim
Net increase for Outgoing call loan
Cash paid for interest, processing fee and commission
Cash paid for policy dividend
Cash paid to staffs or paid for staffs 76,802,103.89 77,042,062.53
Taxes paid 6,259,039.42 12,398,158.18
Other cash paid for business activities 14,866,851.31 18,171,545.11
Sub-total of cash outflow from business activities 288,720,762.75 325,274,194.06
Net cash generated from /used in operating activities 44,941,581.43 46,461,606.87
II. Cash flow generated by investing
Cash received from investment retrieving
Cash received as investment gains
Net cash retrieved from disposal of fixed assets, intangible
assets, and other long-term assets 153,535,148.36
Net cash received from disposal of subsidiaries or other
operational units
Other investment-related cash received
Sub-total of cash inflow due to investment activities 153,535,148.36
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Chongqing Jianshe Vehicle System Co., Ltd The Third Quarterly
Report 2023
Cash paid for construction of fixed assets, intangible assets
and other long-term assets 10,201,275.42 22,695,713.86
Cash paid as investment
Net increase of loan against pledge
Net cash received from subsidiaries and other operational
units
Other cash paid for investment activities
Sub-total of cash outflow due to investment activities 10,201,275.42 22,695,713.86
Net cash flow generated by investment -10,201,275.42 130,839,434.50
III.Cash flow generated by financing
Cash received as investment
Including: Cash received as investment from minor
shareholders
Cash received as loans 471,813,500.00 384,613,500.00
Other financing –related cash received 192,535.00 17,155,373.08
Sub-total of cash inflow from financing activities 472,006,035.00 401,768,873.08
Cash to repay debts 539,238,994.44 402,933,093.75
Cash paid as dividend, profit, or interests 15,923,564.16 15,160,510.37
Including: Dividend and profit paid by subsidiaries to minor
shareholders
Other cash paid for financing activities 52,716,914.75 134,153,361.47
Sub-total of cash outflow due to financing activities 607,879,473.35 552,246,965.59
Net cash flow generated by financing -135,873,438.35 -150,478,092.51
IV. Influence of exchange rate alternation on cash and cash
equivalents
V.Net increase of cash and cash equivalents -101,133,132.34 26,822,948.86
Add: balance of cash and cash equivalents at the beginning
of term 169,994,534.05 23,738,523.19
VI ..Balance of cash and cash equivalents at the end of term 68,861,401.71 50,561,472.05
Legal Representative: Yan Xuechuan
Person-in-charge of the accounting work：Tan Mingxian
Person-in -charge of the accounting organ：Niu Yanli
（ii）The Company started implementing the updated accounting standards commencing from 2023 and
adjusted the relevant items in the financial statements at the beginning of the very year involved in the
initial implementation of the said standards
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Chongqing Jianshe Vehicle System Co., Ltd The Third Quarterly
Report 2023
□ Applicable √ Not applicable
（iii）Auditor’ report
Is the Third Quarterly Report be audited?
□ Yes √No
The Third Quarterly report is not audited.
The Board of Directors of Chongqing Jianshe Vehicle System Co., Ltd.
October 31,2023
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